Response to HMRC's UK Property Transactions Statistics for March 2015
Tue 21 Apr 2015
Peter Rollings, CEO of Marsh & Parsons, comments:
Property transactions held firm in March and are consistent with the activity levels we witnessed throughout much of the middle part of last year. But where 2014 started with a flourish then withered away somewhat, we expect this year to be much the reverse and the market to grow in stature once the election is decided and the uncertainty plaguing some sections of the market dissipates.
Weve seen resilient demand throughout the opening quarter of the year and this is unlikely to subside any time soon while mortgage lenders continue to vie for borrowers attention. With even five-year fixes now available below 2%, there has never been a better time to secure a competitive mortgage.
HMRC Property Transactions, March 2015
- The provisional seasonally adjusted UK property transaction count for March 2015 was 100,790 residential transactions (100,940 in February)
- The seasonally adjusted estimate of the number of residential property transactions in March 2015 was at a similar level to the previous month. The figure for March 2015 represents a 2.5% decrease compared to the corresponding month in 2014.
- In recent months, seasonally adjusted transactions have been relatively stable. For March 2015 the number of non-adjusted residential transactions was higher compared with February 2015, and also compared with March 2014.